The Competition Bureau says HBC agreed to pay a $4 million penalty and $500,000 towards costs in the proceedings over whether the retailer misled customers over sleep set prices since at least March 2013. THE CANADIAN PRESS/Nathan Denette

HBC to pay $4.5M to close deceptive pricing probe: Competition Bureau

The bureau took legal action against the retailer in 2017

Canada’s competition watchdog says the Hudson’s Bay Co. will pay $4.5 million to resolve a deceptive pricing probe.

The Competition Bureau says HBC agreed to pay a $4 million penalty and $500,000 towards costs in the proceedings over whether the retailer misled customers over sleep set prices since at least March 2013.

READ MORE: HBC shuttering Home Outfitters across Canada

The bureau took legal action against the retailer in 2017, alleging it used deceptive regular price claims and clearance promotions for sets of mattresses and foundations.

HBC will ensure marketing of its sleep sets complies with regulations, and establish and maintain a compliance program as part of the agreement.

The company will also make sure it markets its major appliances appropriately.

Competition commissioner Matthew Boswell says in a statement that this sends a strong message that the bureau won’t tolerate unsubstantiated savings claims.

The Canadian Press

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Artists lined up as Duncan gallery gets ready to reopen

“Our window displays for June showcase the work of some of the Island’s finest artists”

Mary Lowther column: Sometimes life gets in the way of gardening

The cover crop of winter rye still waves at me from the garden

Sarah Simpson Column: Siblings are the best (and the worst, by default)

If my brother-in-law wanted a walk, he was going to have to work for it.

Maple Bay animator helps lead Netflix’s ‘The Willoughbys’

Family comedy with A-list voices has Cowichan Valley ties

CVRD may have to delay 11 capital projects scheduled for 2020

More than 50 of the 81 projects are complete or are schedule for the year

VIDEO: B.C. dentist gets grand welcome home after two months in hospital fighting COVID-19

Michael Chow was given a surprise send off by hospital staff and ‘welcome home’ from neighbours

Facing changes together: Your community, your journalists

The COVID-19 pandemic has changed the world in ways that would have… Continue reading

‘Like finding a needle in a haystack’: Ancient arrowhead discovered near Williams Lake

The artifact is believed to be from the Nesikip period between 7,500 BP to 6,000 BP

Indigenous families say their loved ones’ deaths in custody are part of pattern

Nora Martin joins other Indigenous families in calling for a significant shift in policing

Friends, family mourn Salt Spring Island woman killed in suspected murder-suicide

A GoFundMe campaign has been launched for Jennifer Quesnel’s three sons

PHOTOS: Anti-racism protesters gather in communities across B.C.

More protests are expected through the weekend

Indigenous chief alleges RCMP beat him during arrest that began over expired licence plate

Athabasca Chipewyan Chief Allan Adam calling for independent investigation

‘I’m pissed, I’m outraged’: Federal minister calls out police violence against Indigenous people

Indigenous Minister Marc Miller spoke on recent incidents, including fatal shooting of a B.C. woman

UPDATED: Pair accused of ‘horrific’ assault at Vancouver’s Oppenheimer Park arrested

Police say Jason Tapp, 30, and Nicole Edwards, 33, did not show up to meet their bail supervisor this week

Most Read